Market Insight: Futures Market Dynamics Amid Bitcoin Rally

While spot market volume has been in a multi-week cooldown, pointing to broader market fatigue, the futures market tells a different story.

Key Observations:

* Futures traders remained actively engaged throughout the rally to $111K.

* This divergence highlights that speculative interest via leverage played a major role in recent price movements.

* The sustained futures volume, even as spot activity declined, suggests leverage-driven positioning was a key driver of momentum — not organic spot demand.

Stay cautious — the market is still running on leverage fumes.

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